The jump in world prices forced Ukraine to increase coffee imports

Published 2024년 10월 1일

Tridge summary

From January to August this year, Ukraine imported 31.97 thousand tons of coffee worth $172.786 million, surpassing last year's imports of 28,479 thousand tons worth $137.319 million. Local coffee prices have been rising due to global market trends and severe weather conditions in Brazil and Vietnam, the top coffee producers. Experts predict further price increases in the 2025-2026 season. Additionally, Ukrainian farmers are experiencing a shortage of hemp seeds, and the article highlights the regions with the most winter crops sown.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the State Customs Service, in January-August of this year, Ukraine imported coffee in the amount of 31.97 thousand tons worth $172.786 million, Landlord.ua reports. This indicator significantly exceeds the results of the same period in 2023. At that time, Ukraine imported 28,479 thousand tons of coffee worth $137,319 million. Coffee prices have been increasing on the local market since the beginning of the full-scale war. According to experts, due to the increase in the price of this product on world markets, the trend may continue. One of the global factors affecting prices was the weather in Brazil. This country is the largest producer of coffee in the world. It experienced the worst drought in the last 70 years. Fires, frost and drought damaged a fifth of the Arabica coffee acreage. In such conditions, prices jumped. In the 2025-2026 season, experts expect an even greater increase in prices. Vietnam was also affected by the drought. We are talking about the second ...
Source: Agropolit

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.